The Federal Reserve uses other metrics to try to account for how much "money" is in the world, but the system has proven to be so gordian and opaque that it simply cannot be accurately measured. 

That's great if you got a home run deal, but the reality for your first one is to try and live for free, and then get better for HH #2, and then incrementally better for HH#3, as you progress in your investing career, you will be able to recognize those great deals, but it is much harder in the beginning since you have a huge learning curve. 

Based off of that:Why Equity stakes may make sense for you- your track record speaks for itself and should incentivize your students by the results that you have proven they can achieve alone.

By not taking a partial disposition deduction, you would be missing out on potential tax benefits associated with recognizing the loss on the disposed roof component.

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

For long-term goals, I generally recommend focusing on newer investments in markets with a proven track record of steady growth.Once you're clear on how much time you want to dedicate and what outcome you’re aiming for, it becomes easier to choose the right investment path.Hope this helps, and best of luck!

Philadelphia has long been recognized as one of the most difficult cities to engage in business. 

It's going to challenging as a first time investor trying to convince someone to lend you money with no proven track record. 

First two transactions client is required to bring in 10k so they have skin in the game then once model is proven  JLH capital provides 100% funding for purchase and if there is rehab 100% of rehab.

Some hard money lenders will do it for up to 3 years but would need a good down payment but recognize the rate would be double digitsBe interested to hear what others say